There are several other types of orders that an investor may enter. They are:

  • All or none (AON)
  • Immediate or Cancel (IOC)
  • Fill or Kill (FOK)
  • Not Held (NH)
  • Market on Open / Market on Close

All or None Orders: May be entered as day orders or GTC. All or none orders, as the name implies indicates that the investor wants to buy or sell all of the securities or none of them. All or none orders are not displayed in the market because the required special handling and the investor will not accept a partial execution.

Immediate or Cancel Orders: The investor wants to buy or sell whatever they can immediately and whatever is not filled is canceled.

Fill or Kill Orders: The investor wants the entire order executed immediately or the entire order canceled.

Not Held Orders: The investor gives discretion to the floor broker as to the time and price of execution.

Market on Open / Market on Close Orders: The investor wants their order executed on the opening or closing of the market or as reasonably close to the opening or closing as practical. If the order is not executed, it is canceled. Partial executions are allowed.

TAKE NOTE!

All or none orders and fill or kill orders are no longer used on the NYSE.



The Exchanges

Related Articles
  1. Trading

    NYIF Instructor Series: "Fill or Kill" Order

    In this short instructional video Anton Theunissen explains what the "fill or kill" order is.
  2. Trading

    The Basics Of Trading A Stock

    Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
  3. Trading

    Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  4. Investing

    Understanding Immediate-or-Cancel Orders

    A trader places an immediate-or-cancel order to immediately execute a trade in full or in part. Any part of the order that remains unfulfilled is canceled.
  5. Trading

    Which Order To Use? Stop-Loss Or Stop-Limit Orders

    Stop-loss and stop-limit orders can provide different types of protection for investors seeking to lock in profits or limit losses. Investors need to know how each type of order works to know ...
  6. Investing

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
  7. Trading

    The Basics Of The Bid-Ask Spread

    The bid-ask spread is essentially a negotiation in progress. To be successful, traders must be willing to take a stand and walk away in the bid-ask process through limit orders.
  8. Trading

    How To Place Orders With A Forex Broker

    Learn how to set each type of stop and limit when trading currencies.
Trading Center